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Fed's Fisher Unworried By Current Low Inflation

wochit business
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April 16, 2014 AT 10:22 AM
Dallas Federal Reserve Bank President Richard Fisher said he is "not uncomfortable" with the current low level of U.S. inflation, and will not vote for or support any policy that drives it above the Fed's long-term 2-percent goal. Fisher, who has a vote this year on the Fed's policy-setting panel, said he is happy with the direction the economy is taking, although he is concerned about potential speculative activity in junk bonds that may, in his view, be fueled in part by the Fed's super-easy monetary policies.